Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +0.6% EPS YoY: +22.4% Move: -2.36%

NIKE Inc

NKE

$62.41 -2.36%

Exchange NYSE Sector Consumer Cyclical Industry Apparel Footwear Accessories

Q2 2024

Published: Jan 5, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for NKE

Reported

Report Date

Jan 5, 2024

Quarter Q2 2024

Revenue

13.39B

YoY: +0.6%

EPS

1.03

YoY: +22.4%

Market Move

-2.36%

Previous quarter: N/A

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Earnings Highlights

Revenue of $13.39B up 0.6% year-over-year
EPS of $1.03 increased by 22.4% from previous year
Gross margin of 44.6%
Net income of 1.58B
""We create innovation that pushes human potential... a great quarter for NIKE and the athletes who inspire us." - John Donahoe, President and CEO" - John Donahoe

NKE

NIKE Inc

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 10, 2026

Executive Summary

NIKE Inc (NKE) reported a robust performance in Q2 FY 2024, achieving revenues of $13.39 billion, reflecting a 1% year-over-year increase and a significant 21% rise in earnings per share. Despite facing challenges in a highly promotional marketplace, NIKE's strategic focus on innovation and effective market execution enabled strong growth in key areas such as the running segment and direct-to-consumer channels. Management emphasized a commitment to enhancing operational efficiencies and investing in new product innovations to sustain long-term growth amidst macroeconomic volatility. Management’s commentary illustrated confidence in the brand's ability to navigate current challenges while maintaining a strong market position.

Key Performance Indicators

Revenue

Increasing

13.39B

QoQ: 3.47% | YoY: 0.55%

Gross Profit

Increasing

5.97B

44.60% margin

QoQ: 4.39% | YoY: 4.55%

Operating Income

Increasing

1.83B

QoQ: 13.78% | YoY: 15.00%

Net Income

Increasing

1.58B

QoQ: 8.83% | YoY: 18.56%

EPS

Increasing

1.04

QoQ: 9.47% | YoY: 22.35%

Revenue Trend

Margin Analysis

Financial Highlights

- Total Revenue: $13.39 billion (YoY Growth: +1%, QoQ Growth: +3.47%)\n- Gross Profit: $5.97 billion (Gross Margin: 44.6%, YoY Growth: +4.55%)\n- Operating Income: $1.83 billion (Operating Margin: 13.6%, YoY Growth: +15%)\n- Net Income: $1.58 billion (Net Margin: 11.7%, YoY Growth: +18.6%)\n- EPS: $1.03 (Diluted EPS: +21% YoY)\n- Inventory: Down 14% YoY, indicating effective inventory management amidst market challenges. \n- Current Ratio: 2.74 (indication of good short-term financial health)\n- Free Cash Flow: $2.61 billion, showcasing strong cash generation capabilities. \nManagement highlighted the importance of strategic pricing actions and effective cost control which led to a 170 basis point increase in gross margin despite rising input costs.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	13.39B	0.55%	3.47%
Gross Profit	5.97B	4.55%	4.39%
Operating Income	1.83B	15.00%	13.78%
Net Income	1.58B	18.56%	8.83%
EPS	1.04	22.35%	9.47%

Key Financial Ratios

Gross Profit Margin

Good

44.60%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Fair

13.60%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Good

11.80%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Fair

4.24%

Return on assets is acceptable but below top-tier companies

Return on Equity

Fair

11.20%

Return on equity is acceptable but below top-tier companies

Current Ratio

Strong

2.74

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Elevated

0.86

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Growth

26.76x

Elevated P/E suggests growth expectations or premium valuation

Price to Book

High Premium

11.94x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2026	12,427.00	0.54	+7.2%	View
Q1 2026	11,720.00	0.49	-7.0%	View
Q3 2025	11,269.00	0.54	-9.3%	View
Q2 2025	12,354.00	0.78	-7.7%	View
Q1 2025	11,589.00	0.70	-10.4%	View
Q2 2024	13,388.00	1.03	+0.6%	View

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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